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Gildan's President and CEO initiates 10b5-1 plan

Gildan Activewear announced that Glenn J. Chamandy, President and CEO, has entered into a pre-arranged share disposition plan, under which he has authorized and directed a U.S. financial institution to sell up to 2.75M of his total of 9.8M common shares of Gildan, over a maximum 24-month period beginning on Dec. 17, 2012. Accordingly, no disposition of shares will take place before the company has reported its FQ4 quarter and FY12 results and initiated its sales and earnings guidance for FY13.